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Investors & landlords
Hi Carl,
Thank you for the reply! As soon as my last tenant left in September 2021, I started getting the rental house ready to sell and closed the sale on Dec 13th, 2021. So I never converted it back to a primary residence. So when it is asking if I stopped using this item for business purposes in 2021, should I answer yes or no? It then asks for the actual acquisition date which was back in June 1996 when I purchased as a primary residence and then converted to full-time rental in June 2003. After I enter the details of the sale, a question pops up asking if I used this rental property as a personal residence any time after May 6, 1997 (not sure how this date came about), which I was still using as personal residence up until June 2003. Should I still answer no to this question?